Friday, April 13, 2012

Corporate parasitism in the New Age

The US is in recession. The world, according to former US president Bill Clinton, suffers from an unbreakable gap between the poor and the rich. The rich, which accounts for less than one percent of this world's population, controls more than eighty percent of resources while the rest of humanity suffers in extreme poverty due to lack of access to these resources. Almost every single thing in this world is owned by somebody and that somebody gets his revenue juice from the toils of another.


This has been the state of things since the appearance of capitalism in the late 18th century. Capitalism, by its very nature, creates a lopsided arrangement between those who have capital and those who depend on capital for existence. Those who control capital generate more capital without expending themselves in the process. Their capital produces more capital by investing these into various companies which takes care of the revenues by using their own capital. The capitalist invented the banking system and the "stock market" simply to allow their capital to produce more capital without that capital being directly involved in production. There has been no direct relation between production and capital for the last few centuries because the amount of capital directly infused into production has been lessened with the invention of modern ways of creating wealth without being involved directly into production. 


What happens is what I describe as corporate parasitism--when capitalists has ceased to become directly involved or invested themselves in the process of production and produces capital through the use of another's capital. By being divested personally from the process of production, the capitalist loses his ability to understand the human side of the process, thereby assuming the role of a parasite---always salivating for capital without understanding how his capital generates more.



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